Topic: 🎲BetFury.io|​​​💫 Stellar network & XLM 💫|📈BFG farming on BabySwap - page 36. (Read 92690 times)

I think that BFG token, if we consider the APY that Bitfury offers on this token, shouldn't be considered from the point of view of investment because APY is insanely high and coins with such a high APY do not perform well. The inflation is always higher than the reward received from holding the coin. I would think it is one of the best tokens for gambling because imagine, you stack coin and receive up to 0.35% of your investment every day. If someone stacks 100K BFG tokens, they can get good fun from 0.35% daily APY.

Btw Betfury has a super amazing limited-time offer for USDT holders. Betfury offers 200% APY for 7 days, which means that you'll get up to 4% profit on your investment from stacking USDT for 7 days. No wagering is required but the challenging part is that you have to invite 3 active referrals to get access to that offer.

BFG token is available for staking on the platform, and there is a 14.91 annual percentage yield. You can directly stake the BFG tokens you have or use the swap function on the platform to swap any other coin you have into BFG for staking.

It is an easy process. Start staking today.
https://betfury.is/about-staking

You can also earn more 2x from staking when you stake stBFG. 

So, as we know, BFG token are not available for staking to get APY.
Is there any way how to get about 5%+ APY when we own the token?

That usually I used. the most important thing is that we can enjoy what we have to do.
BFG is a typical token that will eventually rise if the user uses it a lot. we can get it easily by playing it continuously on gambling sites. it is easy enough to imagine when we play gambling while earning tokens for free.

Minimum bet as mentioned by bitcoinhunt3r above and the other information can be found here: https://betfury.com/?battleId=6745bfba5a44dbbe5cc5f77d&contentType=active . Frankly speaking, I'm not participating because I started a tournament on other place earlier and I spend most of my gambling funds there. Maybe for the next tournament I'll be here, since my gambling fund/budget is limited so I cant spend more than I have and I need to focus on the tournament where I started first/earlier.

The minimum bet is $ 0.2 and minimum multiplier x2 also currently the lowest multiplier is the X2460 which is in 999 position and the prize is $3 there are still 13 hours. Actually it is not difficult to pursue other participants but we need more budget you know that for 100 spins it takes $20 and the opportunity to get x100 multiplier  is only 1% If Betfury provides a place for 200 winners, maybe the prize is more attractive whereas if 1000 places the composition of the prize will be divided.

It is not that far from the high launching price that it has got and it's very possible and likely that it can breached that price so that it will get to an ATH.

This bull season is no doubt going to make a lot of altcoins go that high and with the addition of the active marketing of betfury, it does help.

And that's why they need to pursue and continue it just like the old days and holding wise, those that have been patient holding BFG probably are in profits now.

I don't have a clue why someone would have believed them at that point. Because at the moment they say stuff like that you instantly know that you couldn't trust them. No one should promise that, because no one can guarantee it.

Even random influencers are adding "this is not a financial advice" as a disclaimer, because they aren't that dumb and want to avoid jail time. Team behind token has way more responsibility and those have gone jail or have paid huge penalties for less misleading token marketing. They are lucky that this is so low cap so it can fly under the radar.

Demand on altcoins is very unsustainable, and it can increase with a hot trend, and decrease or disappear when the hot trend disappears too. Altcoins are weaker than Bitcoin, and you can build up community, attract new users and turn them to investors, but their interest in altcoins can change quickly. They can leave anytime and never come back, but with Bitcoin it's hard to leave it forever.

It's your money, so you have to do your due diligent research and analysis before making your decision in investment.

People can have different entries and in a same market, there are winners and losers, no way to only have either winners or losers. The market have both and with any coin or token, there are winners and losers too. I don't know about history of BFG token, but people should not trust anyone else, any promise if they can not afford to lose their capital in any investment.

What’s the current minimum wager in able to meet the minimum spot for the rewards and what is the corresponding rewards?

It’s been a long since I visit Betfury website after I sold all my tokens out of frustration. Does wagering using BFG tokens can give extra boost on wager or its still same 1:1 count using other currency.

What’s your current position?

1 Day + 2 hours remaining for the Jingle Bells Battle + Snow Spins Battle tournament, still plenty of time for anyone who is willing to participate and grab 1 of the available prize. For those who like original games, the Jingle Bells Battle is the suitable one because its point is calculated based on sum of multipliers gained while playing the in house game. 999 prize to grab so basically anyone can take a prize (at least the lowest ones) just by playing some bets on original games.

The idea was about how people look on BFG token and BetFury. Some say that BFG could be a good investment, some people here like to point that "BetFury once promised that BFG would be among top100 crypto" and now some investors feel themselves cheated. I was trying to make a fun from how people choose how to spend their money Some analyse projects, read whitepapers, check if roadmap is followed. And there are some who have seen kind of a one-pager or FAQ alike text about BFG, paid tiny attention that BetFury is a casino at first place, and though it is a good investment project. Now they act like they are deceived because they have expected piles of gold, but got only daily staking distribution and price that rarely grow.

Different sites display different ATH for the BFG token. Apparently, the ATH you mentioned is displayed on CMC, while Coingecko displays that the ATH was at 3.7 cents. Furthermore, if you look at the BFG/USDT chart on Tradingview, you can see that the initial candle was as high as 25 cents.
Honestly, I am inclined to believe that the ATH data is correct on Coingecko. Even if the BFG price had really once reached 6.8 cents or even 25 cents, ordinary users would hardly have had the opportunity to sell at that price.

If they could able manage to bring a lot more demands for BFG then I really think that there's more price increase that might gonna happen. For now this is what BFG tokens needed and it seems they didn't attract a lot more people to invest in this token.

People look forward to see some good price changes with BFG and it seems this is not happening as fast as those people thought. But if they could work for more promotion like what they currently did right now and launch appealing things that can make their token useful, then provably that there's something more better to happen with this BFG which people look forward for long time. But still developments I still continues to happen so maybe those speculations of people here might gonna happen. Looking forward for this token to at least come closer to its all time high or more better if it can surpass and hit a new one since maybe this can attract or increase the demand.

The best thing to do is just to buy the token and used it on the platform only since not many exchanges have this token listed so let not consider BFG as an investment since the sole aim of the team is to create a utility coin for their platform, I don't know is they have some investment mechanism on the site like staking or locking of coin ore liquidity providers service, if those are available on the platform then some few users may consider taking part in such service to earn some amount of BFG from time to time, this is so because it will truly generate daily passive income, but taking the token as an investment by buying and holding them on your wallet could become a hard thing to do since it value is almost not recommended for an investment.

Even the token development and adoption have been low on the general Note and for that we can say that the crypto space is not for casinos to develop a token and in other not to get themselves distracted from the fundamentals of their gambling business, their have to avoid casinos token development.

Casinos like stake.com already know all of this, that is why their have not engaged in anything of sort, token development and operations is more of exchange thing more than it if for casinos, so let us work in the reality of that truth to avoid unnecessary pressures.

I agree with you partially on this point. Yes, any altcoin need to have a good solid working product in order for it to grow over time. Gambling tokens are usually slow movers as they do not have much use case other than the fact they are the gambling tokens and can be used on the particular site for gambling (or staking in some cases).

However i do expect the BFG token price will come closer to its all time high. It is now $0.023 which is around 65% down its all time high price $0.06845. I think in this bull season it is possible for the BFG token to make a new all time high.

Investing in tokens without real utility is indeed risky. For a token to succeed, it needs a functional and in-demand ecosystem, not just passive income. Without this, the chances of long-term profitability are low, especially in a weak market. Even though the current market phase is strong, I would still consider other coins for investment rather than BFG.

A fine addition to the cause, but truly - the token should only be the thing that accompanies a good product itself.
Period.
If it's fine - the token will follow if needed.

Well, let me say that I do not totally understand what you mean, or driving at, but my own opinion on or about investing in BFG for the sole purpose of earning in interest from time to time, this actually does not make any sense to me, if I was interested in investing in BFG, I did be more interested in a seeing the use case/utility of the Token, something I am confident enough that if and when built/implemented, it will surely drive traffic and more investors to the token which will cause it's price to rise even higher and higher.

It is foolish to expect to make profit from a token that is not used for anything, and it's also not a meme coin with a huge community supporting it.
Earning interest is a not a use case, and we have seen example with Fun token from freebitco, that choosing to invest in a token because of the ability to earn interest while holding it on the platform is not a good idea, it will be very hard, almost impossible to come out from such investment profitable, except bullrun helps.

This is a little bit funny if we think that someone while searching for a proper investment, eventually came across BFG token, paid little attention that BetFury is a casino on first place, and invested money waiting for a huge profits More funny when that guy, after opening betfury pages wasnt confused that it is not an investment project at first place. I dont know what search or whos advice would lead investor to BetFury in a perspective of investment in token. When someone opens BetFury page, he needs to put enough effort to find BFG future plans and wont be surprised that its main goals are more listing+more collaboration+improvement. And its not written in details how that is going to be done, but some default phrases in 1-2 sentences

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